The Cheapest and Best Homeowners Insurance in Metairie
The Cheapest Home Insurance Companies in Metairie
Most home insurance companies offer the same core coverages, so cost is an important factor when shopping for homeowners insurance.
The cheapest homeowners insurance companies in Metairie for the average homeowner with $100,000 in dwelling coverage are:
- State Farm: $1,057 per year
- Allstate: $1,559 per year
The most affordable insurance companies for expensive homes in Metairie with $2 million in dwelling coverage are:
- State Farm: $11,424 per year
- USAA: $26,624 per year. Only available to current and former military members and their families.
You can use the table below to see how home insurance rates vary for different dwelling coverage limits.
The Cheapest Home Insurance in Metairie, Ranked
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The policies in this analysis with the initial baseline dwelling coverage have personal property limits of $40,000 and all policies with dwelling coverage of $2 million have personal property limits of $800,000.
If you live in a different part of Louisiana, you can look up average home insurance rates in Louisiana.
The Average Cost of Homeowners Insurance in Metairie for 2022
The average cost of homeowners insurance in Metairie is $2,306 per year, which is higher than the state average for Louisiana, $1,625 per year, and the national average of $2,103 per year.
Calculate the Cost of Home Insurance in Metairie
Location is one of the factors that affect home insurance quotes in Metairie. Other rating factors include your credit score, the value of your personal property and the dwelling coverage you purchase. You can compare homeowners insurance quotes in your state with MoneyGeek’s home insurance calculator.
Home Insurance Calculator
These are annual estimates. Get a personalized quote to determine your costs.
The Best Home Insurance Companies in Metairie
If you want to find the best homeowners insurance in Metairie, it is smart to consider customer service experience and financial stability alongside cost when evaluating providers. This will help you find an insurer that will process your claim quickly and fairly.
Based on MoneyGeek’s study, the best homeowners insurance companies in Metairie are:
- Best Overall: USAA (only available to current and former military members)
- Runner-up: State Farm
MoneyGeek scored home insurance companies based on user satisfaction, affordability and financial stability.
USAA had the highest user satisfaction scores among insurers in Metairie and also scored highest in financial stability. USAA home insurance costs $2,011 per year and is available only to current and former military members and their families.
A USAA home insurance policy includes replacement cost coverage for your personal property. In case of damage, your personal property can be reimbursed at the current replacement cost without factoring in depreciation. You can also opt for rental home coverage if you have a tenant in your home. Policyholders can take advantage of discounts such as the claim-free discount to lower rates.Read MoneyGeek's USAA home Insurance Review
State Farm is Metairie's most affordable home insurer, with rates as low as $1,057 per year. It also ranks high in financial stability and user satisfaction ratings. Homeowners can get a wide range of unique coverages with this policy, including vacancy coverage.
State Farm provides vacancy coverage which protects you if your home has been unoccupied and empty of contents for 30 days or more. You can also opt for an energy-efficient upgrade coverage to cover the cost of replacing damaged equipment with a more energy-efficient alternative. State Farm also offers a wide variety of discounts including new home discounts for newly constructed homes.Read MoneyGeek's State Farm home Insurance Review
Cheapest Home Insurance Companies in Metairie for Newly Constructed Homes
In Metairie, newly constructed homes can be much cheaper to insure because homes built with modern materials tend to be more resistant to damage. It is also usually easier to find replacements for newer materials. It costs an average of $1,959 per year to insure a newly constructed home in Metairie, compared to $2,306 for a home built in 2000.
If you are looking for cheap homeowners insurance in Metairie for a newly built home, the most affordable companies are:
- State Farm: $793 per year
- USAA: $1,406 per year. Only available to current and former military members and their families.
The Cheapest Home Insurance in Metairie for New Homes, Ranked
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Cheapest Home Insurance Companies in Metairie if You Have a Lot of Personal Property
Home insurance quotes in Metairie will be impacted by the value of the personal property you want to cover in your policy. Those with more property to insure typically pay higher home insurance rates. It cost an average of $2,435 per year for a policy with a personal property limit of $250,000 with our standard policy, compared to an average of $2,306 for $100,000 in personal property coverage limits
The most affordable insurance companies in Metairie for home insurance with $250,000 in personal property coverage are:
- State Farm: $1,081 per year
- Allstate: $1,711 per year
Cheap Companies in Metairie for Extra Personal Property Coverage
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Cheapest Home Insurance Companies in Metairie for High Deductibles
A deductible can significantly impact homeowners insurance rates in Metairie. If your policy has a low deductible, you will pay higher premiums than you will with a high deductible policy. However, out-of-pocket costs if you file a claim tend to be higher for policies with high deductibles. It costs an average of $2,210 per year for a policy with a $2,000 deductible, while a policy with a $1,000 deductible costs $2,306 per year.
The cheapest home insurance companies in Metairie for policies with $2,000 deductibles are:
- State Farm: $948 per year
- Allstate: $1,378 per year
The Cheapest Companies in Metairie for High Deductibles, Ranked
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Cheapest Home Insurance Companies in Metairie if You Have Poor Credit
Home insurance quotes in Metairie will be impacted by your credit score. Homeowners with poor credit scores will pay more for home insurance compared to those with good credit. Home insurance in Metairie costs an average of $3,173 per year if you have poor credit while those with good credit scores pay an average of $2,306 per year.
If you have a poor credit score, the cheapest home insurance companies in Metairie are:
- Allstate: $2,205 per year
- State Farm: $2,374 per year
The Cheapest Companies in Metairie for Poor Credit, Ranked
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Getting Online Homeowners Insurance Quotes in Metairie
You can find out how much homeowners insurance costs in Metairie by getting a quote online. The insurer will require the following information to give you a quote.
- The replacement cost of your home: This refers to the cost of rebuilding your home as it is. The replacement cost is used to determine the appropriate dwelling coverage for your home, so it is smart to get a construction professional to give you an accurate estimate.
- The value of your personal property: Your personal property will be covered under your home insurance policy, so your insurer needs to know its value to determine your personal property coverage limit.
- Personal information: Details such as your address, who you live with, insurance history and other personal details are necessary for an accurate home insurance quote.
- Information about your house: The insurer will require details about your house, including the size of your home, when it was constructed and enhancements like protective devices you’ve installed.
Homeowners Insurance in Metairie Analysis: Methodology
MoneyGeek analyzed home insurance premiums from four companies in Metairie. Data were provided in partnership with Quadrant. MoneyGeek collected home insurance for a home with varying coverage levels to calculate affordability scores and customer satisfaction ratings were drawn from J.D. Power surveys.
The base profile was for a home with 2,500 square feet, built in 2000 with dwelling coverage of $100,000, personal property coverage of $40,000 and liability coverage of $100,000. Policies had a $1,000 deductible. MoneyGeek also collected quotes for homeowners with newly constructed homes, increased dwelling or personal property coverage, higher deductibles and poor credit scores.
About Mark Fitzpatrick